Page 17 - BOC 2021 Benefits Booklet
P. 17
Glossary
Initial Eligibility When you first become eligible to participate in our
benefit program
Open Enrollment An annual event that allows an employee to enroll or
change coverage for themselves or eligible
dependents.
Formulary A published list of the prescription drugs covered by
the insurance carrier.
Non-Formulary Prescription drugs that are not listed on the formulary
list. These drugs may be available at a higher
copayment to the member.
Generic A drug that is produced and sold under the chemical
name. These drugs are considered therapeutically
equivalent to the brand name. Generic drugs, when
available, are usually the best value.
Brand Name A drug that is produced and sold under the original
manufacturer’s brand name.
Pre-existing Condition Medical – None
LTD – Refer to EOC
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